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Tesla’s new development plan centers around mysteriously cheaper models

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Tesla goes through some major changes, and now we all know why: the corporate says it’s changing its product roadmap because of “pressure” on electric vehicle sales.

The new accelerated plan now includes “lower-cost models” that the corporate says will probably be launched next 12 months. Or if Tesla CEO Elon Musk is to be believed – and that is a protracted bet given his track record on the schedule – possibly as early as late 2024.

The shocking announcement sent the corporate’s shares soaring greater than 11% in after-hours trading on Tuesday. The price didn’t drop whilst Musk and other Tesla executives declined to share further details on a call with investors.

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All this comes after a bomb report in early April, Reuters claimed that Tesla had abandoned work on a next-generation low-cost automotive. This next-generation automotive was expected to be built on the identical EV platform that Tesla is developing for its rumored robotaxi vehicle. Tesla said this next-generation automotive could arrive as early as late 2025.

While Musk recklessly claimed that Reuters was “lying,” they each Electric AND Bloomberg News have since reported that the development of this particular electric vehicle has been delayed or the corporate has missed the push. Musk has since posted on the social media site X that Tesla will unveil the robotaxi on August 8.

Tesla provided this update in its unimpressive first quarter earnings report, which showed a 55% year-over-year decline in profits. The company said in a report that it has “updated (its) future vehicle lineup to accelerate the launch of new models ahead of the previously announced production start in the second half of 2025.” The new vehicle lineup includes “more affordable models,” the corporate said.

These new offerings, nevertheless, are usually not woven together. Tesla says it’ll construct these vehicles on existing production lines and that they’ll “leverage aspects” of the next-generation platform it’s developing, “as well as aspects of our current platforms.”

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Bloomberg News reported earlier this week what Tesla was working on new versions of Model Y and Model 3 which borrowed technology and processes from the next-generation electric vehicle, with a specific deal with the Model Y.

Tesla investors may have to attend to learn more.

During the conversation with investors, Musk addressed the query of what the motion plan for Tesla’s new product actually is. “We’ll talk about it on August 8,” he said, referring to the event Tesla has planned to showcase its robotaxi, which it calls the “Cybercab.”

Asked about an analogous query later within the conversation, Musk said: “I think we’ve said everything we wanted to on this matter.”

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Tesla Vice President Lars Moravy said the new platform carries “some risk” and that Tesla could leverage “all of the subsystems” which are being developed for it, reminiscent of powertrains, drive units, in addition to improvements in manufacturing and automation, thermal systems, seats” and more. “All of this is transferable, and that’s what we’re doing — we’re trying to incorporate it into new products as quickly as possible,” he said. “This engineering work – we’re not trying to just throw it away and put it in a coffin.”

Cost versus growth

Tesla has worked to cut back the associated fee of manufacturing its next-generation electric vehicle by 50% in comparison with the platform that underpins the Model 3 and Model Y.

The company admitted Tuesday that it’ll lose some savings by switching to a technique of mixing next-generation technologies and processes with existing platforms and production lines.

According to Tesla, the advantage is height. The company says it might probably double its 2023 production (which was about 1.8 million vehicles) by 2025. And while it won’t save that much on automotive costs, it won’t must construct new production lines to provide these mysterious new vehicles either. The company has already slowed work on a new factory in Mexico, where it originally planned to begin producing next-generation electric vehicles and robotxi.

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Of course, Tesla has said for years that it expected to attain 50% annual growth, on average, over several years, and has consistently failed to fulfill that goal. As the corporate warns, this 12 months it’ll grow at a “significantly lower” rate.

There are other challenges as well. Tesla says it might probably launch a new product line after shedding an enormous variety of employees from its global workforce – although Musk said on Tuesday that the corporate is “not cutting out anything significant that I’m aware of.”

“We have just had a long period of prosperity from 2019 to now,” Musk said on the decision. “We have made some adjustments along the way, but it is time to reorganize the company for the next phase of growth.”

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This article was originally published on : techcrunch.com

Technology

New York Auto Show contained WOW factors in the Genesis concept car

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Experience through Kimatni D. Rawlins

During the media preview 2025 New York International Auto Show (NYAIS), Genesis of a luxury brand emphasized its steadfast commitment to performance, adventure and the newest innovation with a set of vehicles that would dictate the company’s near future.

VIP guests, automotive media and lifestyle and essential directors, akin to José Muñoz, Randy Parker, Luc Donckerwolke and Olabisi Boyle gathered in Genesis House New York To witness the strategic evolution of the X Gran Equator (XGEC) and technologically advanced GMR-001hercar, which can manage the company’s racing efforts in 2026 on the other side of the spectrum, luxurious, off-road XGEC. The ability to grow deeply in the mother of nature with freedom of wilderness is inspiring. That’s right, in only one staff decade, the progressive Korean car manufacturer has made progress in motor and land sports.

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“The concept of X Gran Equator is an exercise with harmonizing contrasts – in terms of elegance with the inequality and spirit of exploration with sophisticated comfort,” said Creative Director Genesis Luc Donckerwolke. “He represents the orchestration of true field competences and uncompromising luxury, designed to allow the most breathtaking landscapes in the world.”

For three consecutive years, Genesis will present developed and magm performance concepts at NYIAIS, including the exclusive GV80 Coupe concept, a panoramic concept of Neolun and the concept of dynamic GV60 magma. These vehicles add a portfolio dimension with energetic lines, enthusiastic attributes and engineering desirous about the future. The goal is to further expand your list to satisfy the various needs and evolving appetites of every species of consumer and motor sports enthusiasts.

Symbolizing the brand’s desire to calm the owners of the highest hospitality, we gathered in Genesis House in the Meatpacking district, where Genesis presented the concept of X Gran Equator, which will likely be issued by the end of July. With the name borrowed from a strong Arabian horse, the revolutionary SUV and its possibilities of collecting resembling the dune contain an prolonged hood, characteristic two-lubble headlights that cut the faceless checkered, divided tailgate, 24-inch roms wrapped in swivel roof cabinets. Internal digital features with physical switches and handles, a 4 -circular display cluster inspired by vintage discs, rotating front seats and parts of memory and compartments.

Then it was flashy and vigorous introduction of Genesis Magma Racing and its full-fledged Hypercar GMR-001. The LMDH Endurance prototype built for a few 12 months will start in 2026 with the highest challenge of entering 24 hours Le Mans. However, his current goal will likely be FIA ​​World Endurance Championship (WEC) and IMSA Sportscar Championship. Drivers, racing overalls and orange color Magma, representing a grit with a strong presence, were also introduced. The graphics pay tribute to the Korean Heritage Genesis when interlacing motor innovations. The final details haven’t been released, but the newly developed V8 engine with a double turbo is a source of the hybrid drive system and chassis developed from Orec Motorsport. The Magma program adds a brand new dimension of Genesis, marking its expansion in high -performance production. Genesis goals to create a magma model for every production vehicle in an existing composition.

“Today it is a significant milestone for Genesis Magma Racing, when we reveal Hypercar GMR-001, as well as our striking colorful and racing suits,” said Cyril Abiteboul, team director. “We are preparing for our IMSA campaigns in 2026 and 2027 IMSA, we not only gather a racing team; we forge heritage. Every day brings us back to the implementation of the full potential of the genesis in the world of motor sports.”

After vehicle presentations, I adapted to the unique and authentic offers at Genesis House, where you possibly can have a delicious Korean culinary experience, read the Korean story, enjoy tea time or watch a lot of Genesis products at the exhibition. Other places and classes to enjoy in New York include insulation in Majestic Equinox Hotel, admiring Dish and its structure of a honeycomb, exploration of stores in Hudson Yards, including Genesis Studio, walking along the elevated high -line park built on the historic railway line, and taking lunch at Mercado little Spain or dinner in a clearly Korean restaurant Moon At East Village, Manhattan.

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Understanding the assumptions of brands that you just admire – whether it’s automotive, technology or travel – is perfectly paying tribute to their heritage, strategy and values ​​by immersing themselves in the DNA of their successful formulas. I used to be grateful for representing as a son-unit (honorary guest) while consuming enriching habits, social labels and approach to philosophical design during experience in Genesis in Nyias 2025.

(Tagstranslat) ny auto show

This article was originally published on : www.blackenterprise.com
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Anysphere, which makes the cursor supposedly collect USD 900 million with a valuation of USD 9 billion

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AI robot face and programming code on a black background.

Anysphere, producer of coding cursor with AI drive, attracted $ 900 million in the recent financing round by Thrive Capital, Financial Times He informed, citing anonymous sources familiar with the contract.

The report said that Andreessen Horowitz (A16Z) and ACCEL also participate in the round, which values ​​about $ 9 billion.

The cursor collected $ 105 million from Thrive, and A16Z with a valuation of $ 2.5 billion, as TechCrunch said in December. Capital Thrive also led this round and in addition participated in A16Z. According to Crunchbase data, the startup has collected over $ 173 million thus far.

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It is alleged that investors, including index ventures and a reference point, attempt to support the company, but plainly existing investors don’t want to miss the opportunity to support it.

Other coding start-ups powered by artificial intelligence also attract the interest of investors. Techcrunch announced in February that Windsurf, a rival for Aklesphere, talked about collecting funds at a valuation of $ 3 billion. Openai, an investor in Anysphere, was supposedly I’m attempting to get windsurf for about the same value.

(Tagstransate) A16Z

(*9*)This article was originally published on : techcrunch.com

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This is the shipping of products from China to the USA

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Shein and Temu icons are seen displayed on a phone screen in this illustration photo

The Chinese retailer has modified the strategy in the face of American tariffs.

Thanks to the executive ordinance, President Donald Trump ended the so -called de minimis principle, which allowed goods value 800 USD or less entering the country without tariffs. It also increases tariffs to Chinese goods by over 100%, forcing each Chinese firms and Shein, in addition to American giants, similar to Amazon to adapt plans and price increases.

CNBC reports that this was also affected, and American buyers see “import fees” from 130% to 150% added to their accounts. Now, nevertheless, the company is not sending the goods directly from China to the United States. Instead, it only displays the offers of products available in American warehouses, while goods sent from China are listed as outside the warehouse.

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“He actively recruits American sellers to join the platform,” said the spokesman ago. “The transfer is to help local sellers reach more customers and develop their companies.”

(tagstotransate) tariffs

This article was originally published on : techcrunch.com
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